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A Renko Strategy for Trading - Part 9This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup : (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Renko Chart Settings Crude Oil (TVC:USOil): renko/traditional/blksize .05/.10/.25 Natural Gas (ngas): renko/traditional/blksize .005/.010/.025 Soybeans/Wheat/Corn (soybnusd/wheatusd/cornusd): can use the ngas setup S&P 500 (spx500usd): renko/traditional/blksize 2.5/5.0/12.5 Euros (EURUSD): renko/traditional/blksize .0005/.0010/.0025
FX:NGASEducation
by mxb1961
A Renko Strategy for Trading - Part 8This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. www.investopedia.com Chart setup : (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Renko Chart Settings Crude Oil (TVC:USOil): renko/traditional/blksize .05/.10/.25 Natural Gas (ngas): renko/traditional/blksize .005/.010/.025 Soybeans/Wheat/Corn (soybnusd/wheatusd/cornusd): can use the ngas setup S&P 500 (spx500usd): renko/traditional/blksize 2.5/5.0/12.5 Euros (EURUSD): renko/traditional/blksize .0005/.0010/.0025
FX:NGASEducation
by mxb1961
How to use my FG oscillator in conjunction with DFG oscillatorLooks like BTCUSD still have a little bit further down to go, but is winding up for a next significant pump. DEMO of the use of my FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) scripts, with my LIVIDITIUM indicators set. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) See also: If you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDEducation
by cybernetwork
Trading Divergences - An Alternate View for New TradersTrading divergences is a very common technical analysis strategy, but it comes with one big problem: the most common divergences (not hidden) trade against the trend. This means that new traders can often get into trouble by constantly looking for, and trading, against a dominant trend. Here's an idea to help you become more profitable over the long-term: identify divergences on your chosen momentum indicator, but only trade on trend continuation signals. I'm not saying you need to do this forever, as once you're experienced you can trade both pullbacks and continuations - but doing so requires multiple layers of confirmation, and a lot of knowledge/planning/experience. By trading trend continuation signals after divergences, you're stacking the odds in your favour by going with the dominant trend. You're also training your eye to see divergences, and seeing how the markets react to divergences. For new traders this can be a valuable lesson in the power of momentum in financial markets. So, what are trend continuation signals? It depends on your chosen momentum indicator, so I can only provide general ideas; you need to adapt things according to what you're using. My chart contains a custom momentum indicator, loosely based on the RSI. However, it's far smoother than the RSI, so I can reliably trade precise signals (e.g. for me, a cross of 0). On the RSI, you may choose something a bit further down the scale, for example, a cross below Oversold (20/30). If you're using a Stochastic indicator, you may trade a cross below Overbought (70/80). If you don't understand why I'm suggesting you trade signals at the opposite end of the scale for RSI and Stochastic, let me know. Hopefully this all makes sense, and remember that it's just an idea if you're a new trader and struggling to make good trades. Let me know if you have any queries. DD
Education
by DreamsDefined
4
How to: "Auto-Trendline Strategy"RULES: -----------------Auto-Trendline Strategy ------------------------ For LONGS: 1- 3 Green squares on the Trend meter (Oscillators) 2- Green Trend line price Break 3 - Price above 10 EMA 4- Watch for support/resistance Gap in between. 5- Open 1:1 Risk reward ratio Long based on the largest wick of last 8 candles. For SHORTS: 1- 3 Red squares on the Trend meter (Oscillators) 2- Red Trend line price Break 3 - Price below 10 EMA 4- Watch for support/resistance Gap in between. 5- Open 1:1 Risk reward ratio short based on the largest wick of last 8 candles. In our case rule 1,2 and 3 are coded in the triangles so you only need 2 indicators (Auto-trendline strategy) (Support/Resistance zones) You only need to follow rule 4 and 5. DO NOT WAIT FOR FULL TP, THIS IS A SCALPING STRATEGY DONT GET GREEDY when alt season begins this strategy is gonna be golden =) enjoy
COINBASE:BTCUSDEducation
by AndresVasconez
56
#DeMARK #Sequential Tutorial 1Note: This tutorial is based on the comments made in Jason Perl's book DeMARK Indicators. I strongly recommend you to read this book if you want more in-depth knowledge. I publish this tutorial for educational purposes only TD Setup TD Setup is the first component of TD Sequential. It determines whether a market is likely to be confined to a trading range or starting a directional trend. TD Setup works in either direction: It consists of a nine consecutive closes; each one than the corresponding close four bars earlier. In the TD+ Enhanced Sequential indicator, TD Setup is represented by numbers from 1 to 9. 1. Bullish case (TD Buy Setup) # Definition: Step1: Bearish TD Price Flip. The prerequisite for a TD Buy Setup is a Bearish TD Price Flip, which indicates a switch from positive to negative momentum. TD Price Flip is bar 1 (Red) out of 9. Step2: TD Buy Setup After a bearish TD Price Flip, there must be nine consecutive closes; each one less than the corresponding close four bars earlier. # TD Buy Setup “Perfection”: The low of bars eight or nine of the TD Buy Setup or a subsequent low must be less than, or equal to, the lows of bars six and seven of the TD Buy Setup How to differentiate perfected and unperfected Buy Setup within TD+ Enhanced Sequential Indicator: Perfected Buy Setup is a RED character '9' Unperfected Buy Setup is a GRAY character '9' # Interruption of a TD Buy Setup: If, at any point, the sequence is interrupted, the developing TD Buy Setup will be canceled and must begin anew. 2. Bearish case (TD Sell Setup) # Definition: Step1: Bullish TD Price Flip The prerequisite for a TD Sell Setup is a Bullish TD Price Flip, which indicates a switch from negative to positive momentum. TD Price Flip is bar 1 (Green) out of 9 Step2: TD Sell Setup After a Bullish TD Price Flip, there must be nine consecutive closes; each one greater than the corresponding close four bars earlier. # TD Sell Setup “Perfection” The high of TD Sell Setup bars eight or nine or a subsequent high must be greater than, or equal to, the highs of TD Sell Setup bars six and seven How to differentiate perfected and unperfected Buy Setup within TD+ Enhanced Sequential Indicator: Perfected Sell Setup is a GREEN character '9' Unperfected Sell Setup is a GRAY character '9' # Interruption of a TD Sell Setup If at any point, the sequence is interrupted, The developing TD Sell Setup will be canceled and must begin anew. This completes the first tutorial. More to come. Also check my profile to access more content. Take care MATHR3E
BITSTAMP:BTCUSDEducation
by MATHR3E
1
A Renko Strategy for Trading - Part 7 Refactor/RefinementThis is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red
FX:USOILEducation
by mxb1961
A Renko Strategy for Trading - Part 6This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup: (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red Part 6 Only use 2 block sizes SxS to trade with. One for placing orders and one to confirm plan Previously I had many different block size charts of the same instrument but I think that causes more confusion the benefit Set interval to 1 minute for all charts and block sizes Potential block sizes to consider or experiment with: Crude Oil: .10/.20 Currencies: .0005/.0010 BTCUSD: 10/20 SPX500: 2.5/5.0 Ags: .005/.010 I use BTCUSD for training purposes along with the TV paper trading capabilities. Recap: Basic analogy is that of an unconscious patient brought into an emergency department and a triage is performed to determine a plan of treatment. In this scenario, price is the patient, the indicators are probes and tests against the patient, and you're the ED physician performing the triage with the treatment plan the trading plan. This is a reactive type of trading plan. Based on observation of price, volume and indicators, a reactive order is placed with a somewhat tight stop Depending on trading style or success rate the exit strategy could be either a target method or trailing stop strategy There are guidelines for adding positions or re-entry based on choice in previous step Basic Strategy: Buying (basic) 12/20 DEMA where 12 crosses up over the 20 and + 1 block (filters) PSAR and price have swapped where price is greater than PSAR Stoch (short term - blue) is or has recently crossed from near 0 up over 20 Stoch (long term - red) is or has recently crossed from near 0 up over 20 TSI (blue) has crossed up over the signal line (red) DMI +DI moving up with -DI dropping. Ideally +DI crossed up over -DI at or soon after DEMA cross
Education
by mxb1961
A Renko Strategy for Trading - Part 5This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they assume all risks for their own positions and accounts. Chart setup: (Part 1) Double Exponential Moving Average (DEMA) 12 black line Double Exponential Moving Average (DEMA) 20 red line Parabolic SAR (PSAR) 0.09/0.09/.23 blue circles Simple Moving Average (SA) 20 blue line (Part 2) Stochastics 5, 3, 3 with boundaries 80/20 dark blue/light blue Stochastics 50, 3, 3 with boundaries 55/45 red Overlay these two on one indicator. Refer to 'Part 2' as to how to do this (Part 3) True Strength Indicator (TSI) 14/4/4 dark blue/ red Directional Movement Indicator DMI 14/14 ADX-dark green, +DI-dark blue, -DI-red
FX:USOILEducation
by mxb1961
The 3 types of trendSummary Introduction Type 1 Type 2 Type 3 Conclusion Introduction Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference. This is what I know about myself: 1- Strong trends Examples: Ways to define these strong trends - Eyesight - With a momentum indicator (not a fan) - With a trendline - With moving averages As you can see, there are not many pullbacks with this type of trend - once it pullsback it is a reversal often, so how best to participate in this? 2- Medium trends Not going as much in detail here, don't care so much. Plus you get the idea anyway. Medium trends are not as awesome, they get quite choppy. Just not as good to participate in, in my opinion. Examples: Same ways to define it, but trendlines have smaller angles, RSI not as high, and use EMA 50 rather than 20. Ideas to trade, similar with 1 big exception: 3- Weak trends Ooooh what's that smell? I could trade it like a consolidation with a bear bias (only go short) in a downtrend? NO! In this EURUSD example you can see tops go lower, then higher, then lower. It is not clear, super choppy. The price is generally going down, but there are no good entries. Unless you do not mind a risk reward of 1 while trading a daily chart... The thing that makes holding weeks > get in and out is you can get high risk rewards, cumulate uncorrelated positions (which reduces overall risk), hence increase your profit without having more risk.. (Bonus) The "I am going to zero" trend Summing up: About the 3/5 group of strategies I have posted: 1/5 (The 4 kinds of bottoms) = Supply & Demand 2/5 (Buying pullbacks style) = Trend following / Troll strategies 3/5 (Trend continuation breaks) = (Strong) Trend following
Education
by MrRenev